Posted on October 1st, 2010 by Carlo Capomazza
Late yesterday, President Obama signed a resolution that included a provision extending through fiscal year 2011 the current conforming loan limit of $729,750 for high-cost areas, including many in California. The same limits will also be extended to loans insured by the Federal Housing Administration.
Filed under: Buying, Current Events, Fannie Mae, Making Home Affordable, Mortgage, Real Estate Market, Realtor, VRN | No Comments »
Posted on June 27th, 2010 by Carlo Capomazza
Friday “Prisoners Cash In On the Homebuyer Tax Credit“: According to the latest reports out this week, while the government has been slow to convict tax credit fraudsters, they’ve apparently been quite swift in granting existing prisoners — even many who are serving life sentences — $8,000 each for the homebuyer tax credit! Thursday “Update1: [...]
Filed under: News, Real Estate Market, VRN | Comments Off
Posted on February 2nd, 2010 by Carlo Capomazza
Faster Sales Coming For Foreclosure Buyers Foreclosure buyers got a Christmas Eve goodie from Fannie Mae, a new strategy that’s likely to make foreclosure purchasing very much quicker. The catch? A bunch of lenders are about to be very unhappy. Until the recent real estate meltdown, foreclosures were a problem but not too much of [...]
Filed under: Commentary, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on December 18th, 2009 by Carlo Capomazza
Average 30-year rate ticks up to 4.94%, Freddie Mac reports. Loan refinancings dominate. For nearly two months, home buyers with good credit who can make a 20% down payment have enjoyed 30-year mortgage rates below 5%. But as signs of an improving economy increase, the yield on bonds has been edging higher and pulling home-lending rates along as well.
Filed under: Current Events, L.A. Times, LA Area, Real Estate Market, VRN | No Comments »
Posted on June 1st, 2009 by Carlo Capomazza
Image via Wikipedia Monday, June 1, 2009 10:10 AM NEW YORK – Roger Wald recently discovered he would save $25,000 a year if he refinanced or sought a loan modification for his five-year mortgage at 4.75 percent. Wald, an auto body repairman in Sarasota, Fla., could have gotten that rate last month. But like many [...]
Filed under: Mortgage, Real Estate Market | No Comments »
Posted on May 28th, 2009 by Carlo Capomazza
Image by respres via Flickr Making Home Affordable program expanded BY INMAN NEWS, THURSDAY, MAY 14, 2009. Inman News The Obama administration will encourage troubled borrowers who don’t qualify for loan modifications or can’t keep up payments on a modified loan to pursue a short sale or deed their property to their lender in order [...]
Filed under: Mortgage, Real Estate Market, Short Sale | No Comments »
Posted on March 22nd, 2009 by Carlo Capomazza
Image via Wikipedia Thursday, July 31, 2008 – Real Estate By Sandy Arison, West Hollywood This may come as a surprise, but the WeHo real estate news isn’t all bad. There is more housing inventory on the market now then there has been in a long time. The good news for buyers is that prices [...]
Filed under: Real Estate Market, West Hollywood | No Comments »
Posted on March 18th, 2009 by Carlo Capomazza
Image via Wikipedia Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed‘s actions on home loan rates. Here’s the scoop. What the Fed just announced is huge – they have committed to buy another $750B in Mortgage Backed Securities, and $300B in Treasuries. But what does this [...]
Filed under: Finance, Foreclosure, Real Estate Market | No Comments »
